and china together? >> well, we like the technol sector for a number of reasons. first we do think you're going to see a pickup in global growth. tech companies are very linked to the global economy. a lot of the technology companies rely on corporate capital spend. so that's where we think we'll seen inflection point there. valuations for the tech sector are the lowest they've been since the mid-90s. the sector trades at a petraeu p/e level. everybody knows about the mobility story but there are other things happening in the enterprise part of the technology center always propel growth going forward. >> tom: you also like the industrial sector. i suppose that makes sense with the rebound in china. it's had a nice run lately. what do you expect out of industrials over the next year or so? >> for industrials, there's leverage to a pickup in capital responding and i think the pickup in merger acquisition and activity as we've seen is an indication that corporations are beginning to redeploy some of their cash, and i think we're going to see that come through in more